2 Bed Flat, Cash/Bridging Only, London, SW8 3LF, £269,000

Durrington Tower, Wandsworth Road, London, SW8 3LF - 8 views - 3 months ago

Sold STC

Leasehold

Cash

ROI: 3%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£262K - £950K
Sold Prices/m²	£4.7K/m² - £15.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.9K/m²
Value Estimate	£277,070£277,070
BMV	3%

End Value (After Refurb)	£528,862£528,862
Uplift in Value	+97%+97%
You could potentially get back more cash than you put into this deal. All your cash out plus £72,582 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£67,250£67,250
Stamp Duty & Legal Fees	£10,220£10,220
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£7,061£7,061
Total Cash In	£122,314£122,314

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£528,862£528,862
Agent Fees (1%)	£5,289£5,289
Bridging Loan	£201,750£201,750
Bridging Loan Interest	£7,061£7,061
Flip Profit	£199,509£199,509

Local Sold Prices

51 sold prices from £262K to £950K, average is £500K. £4.7K/m² to £15.7K/m², average is £9.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	12/20	0.01 mi	Flat 40, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LE	-	-	2	Flat
£275K	03/23	0.01 mi	Flat 62, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LF	-	-	2	Flat
£262K	07/23	0.01 mi	Flat 48, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LF	-	-	2	Flat
£262K	07/23	0.01 mi	Flat 48, Durrington Tower, Wandsworth Road, London, Greater London SW8 3LF	-	-	2	Flat
£485K	04/23	0.12 mi	507b, Wandsworth Road, London, Greater London SW8 4NY	-	-	2	Flat
£500K	05/23	0.14 mi	Flat B, 16, Netherford Road, London, Greater London SW4 6AE	£6,849	73	2	Flat
£370K	10/23	0.15 mi	Flat 2, Lucas House, Albion Avenue, London, Greater London SW8 2AD	-	-	2	Flat
£390K	04/24	0.15 mi	Lucas House, Flat 5, Albion Avenue, London, Greater London SW8 2AD	£6,724	58	2	Flat
£465K	07/23	0.15 mi	First Floor Flat, 51, Killyon Road, London, Greater London SW8 2XS	£4,650	100	2	Flat
£660K	06/21	0.16 mi	Flat A, 16, Netherford Road, London, Greater London SW4 6AE	£12,941	51	2	Flat
£430K	03/21	0.16 mi	5, Corben Mews, London, Greater London SW8 4TA	£6,935	62	2	Flat
£550K	06/21	0.17 mi	First Floor Flat, 70, Killyon Road, London, Greater London SW8 2XT	£7,746	71	2	Flat
£723.5K	12/23	0.17 mi	Flat A, 74, Killyon Road, London, Greater London SW8 2XT	£10,336	70	2	Flat
£370K	06/21	0.21 mi	Flat 57, Brocket House, Union Road, London, Greater London SW8 2RE	-	-	2	Flat
£355K	10/23	0.21 mi	Flat 60, Brocket House, Union Grove, London, Greater London SW8 2RE	-	-	2	Flat
£388.8K	08/23	0.21 mi	Flat 19, Colchester House, Union Grove, London, Greater London SW8 2RD	-	-	2	Flat
£355K	10/23	0.22 mi	Flat 10, Stanley House, Albion Avenue, London, Greater London SW8 2AW	-	-	2	Flat
£452.5K	09/21	0.23 mi	Flat 12a, Mordaunt House, Albion Avenue, London, Greater London SW8 2AL	-	-	2	Flat
£380K	10/23	0.25 mi	Flat 2, Effingham House, Albion Avenue, London, Greater London SW8 2AP	-	-	2	Flat
£792.6K	09/23	0.26 mi	70a, North Street, London, Greater London SW4 0HE	-	-	2	Flat
£731K	11/23	0.26 mi	70, North Street, London, Greater London SW4 0HE	£15,229	48	2	Flat
£395K	10/23	0.26 mi	Flat 2, Wilson House, Albion Avenue, London, Greater London SW8 2AS	-	-	2	Flat
£610K	04/23	0.27 mi	Second Floor Flat, 59, Larkhall Rise, London, Greater London SW4 6HT	-	-	2	Flat
£318K	01/23	0.28 mi	Flat 18, Croxteth House, Wandsworth Road, London, Greater London SW8 2RX	-	-	2	Flat
£426K	04/23	0.28 mi	30, Cubitt Terrace, London, Greater London SW4 6AR	£5,917	72	2	Flat
£950K	06/23	0.28 mi	Ground Floor Flat, 4, Cubitt Terrace, London, Greater London SW4 6AR	£15,690	61	2	Flat
£340K	05/23	0.28 mi	Flat 33, Farnley House, Union Grove, London, Greater London SW8 2RT	-	-	2	Flat
£560K	11/20	0.29 mi	9, Gambetta Street, London, Greater London SW8 3TS	£9,032	62	2	Flat
£650K	12/23	0.3 mi	19, Gambetta Street, London, Greater London SW8 3TS	-	-	2	Flat
£350K	03/21	0.31 mi	Flat 42, Aston House, Wandsworth Road, London, Greater London SW8 4ER	-	-	2	Flat
£610K	06/21	0.32 mi	45, Tennyson Street, London, Greater London SW8 3SU	£9,385	65	2	Flat
£625K	03/23	0.32 mi	48, Tennyson Street, London, Greater London SW8 3SU	-	-	2	Flat
£360K	06/23	0.33 mi	Flat 10, Kneller House, Union Grove, London, Greater London SW8 2RR	-	-	2	Flat
£610K	04/21	0.33 mi	85, Tennyson Street, London, Greater London SW8 3TH	£10,116	60	2	Flat
£450K	09/21	0.36 mi	Flat 12, Clarke House, North Street, London, Greater London SW4 0HR	-	-	2	Flat
£450K	02/21	0.36 mi	Flat 16, Clarke House, North Street, London, Greater London SW4 0HR	-	-	2	Flat
£765K	12/20	0.37 mi	5, North Street, London, Greater London SW4 0HN	£10,200	75	2	Flat
£662.5K	02/23	0.37 mi	7a, North Street, London, Greater London SW4 0HN	£8,953	74	2	Flat
£582K	05/23	0.37 mi	13a, Tennyson Street, London, Greater London SW8 3ST	-	-	2	Flat
£520K	06/23	0.38 mi	Flat 197, Elmhurst Mansions, Edgeley Road, London, Greater London SW4 6HA	-	-	2	Flat
£520K	04/23	0.39 mi	Flat D, 80, Union Road, London, Greater London SW4 6JU	-	-	2	Flat
£480K	02/21	0.39 mi	245a, Queenstown Road, London, Greater London SW8 3NP	£7,732	62	2	Flat
£465K	01/21	0.4 mi	8, Courland Grove, London, Greater London SW8 2PX	£7,154	65	2	Flat
£585K	07/23	0.4 mi	Flat 121, Elmhurst Mansions, Edgeley Road, London, Greater London SW4 6EX	-	-	2	Flat
£808K	04/24	0.41 mi	15, Mackay Road, London, Greater London SW4 0NB	£13,931	58	2	Flat
£565K	03/21	0.41 mi	121c, Queenstown Road, London, Greater London SW8 3RH	-	-	2	Flat
£625K	05/21	0.42 mi	Ground Floor Flat, 36, Ingelow Road, London, Greater London SW8 3QA	£9,058	69	2	Flat
£515K	02/21	0.43 mi	Flat 24, Macaulay Court, Macaulay Road, London, Greater London SW4 0QU	-	-	2	Flat
£620K	04/21	0.44 mi	1, Emu Road, London, Greater London SW8 3PS	£11,481	54	2	Flat
£615K	01/21	0.44 mi	59a, Ingelow Road, London, Greater London SW8 3PE	£10,250	60	2	Flat
£580K	04/21	0.45 mi	115, Ingelow Road, London, Greater London SW8 3PE	£10,149	57	2	Flat

Local Rents

50 rents from £1.8K/mo to £4.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,560	09/24	0.09 mi	-	2	Flat
£1,990	01/25	0.09 mi	-	2	Flat
£1,990	02/25	0.09 mi	-	2	Flat
£2,167	02/25	0.1 mi	-	2	Flat
£2,167	02/25	0.1 mi	-	2	Flat
£2,167	02/25	0.1 mi	-	2	Flat
£2,700	09/24	0.13 mi	-	2	Flat
£2,650	10/24	0.13 mi	-	2	Flat
£2,650	10/24	0.13 mi	-	2	Flat
£2,650	10/24	0.13 mi	-	2	Flat
£2,550	12/24	0.13 mi	-	2	Flat
£2,550	12/24	0.13 mi	-	2	Flat
£4,000	04/25	0.16 mi	-	2	Flat
£1,895	03/25	0.16 mi	-	2	Flat
£2,750	09/24	0.17 mi	-	2	Flat
£2,400	03/25	0.17 mi	-	2	Flat
£2,300	10/24	0.17 mi	-	2	Flat
£1,950	09/24	0.17 mi	Killyon Road	2	Flat
£2,750	09/24	0.17 mi	Killyon Road, Clapham Old Town	2	Flat
£2,000	09/24	0.17 mi	Wandsworth Road, SW8	2	Flat
£2,350	02/25	0.18 mi	-	2	Terraced House
£2,050	09/24	0.21 mi	-	2	Flat
£2,000	09/24	0.21 mi	Naylor House, Albion Avenue, London, SW8	2	Flat
£3,250	03/25	0.21 mi	-	2	Flat
£4,500	09/24	0.24 mi	Victorian Heights, Clapham, SW8	2	Flat
£2,350	09/24	0.25 mi	Larkhall Rise, Clapham SW4	2	Flat
£4,000	09/24	0.26 mi	Thackeray Road, London, SW8	2	Flat
£4,000	09/24	0.26 mi	-	2	Flat
£3,250	09/24	0.27 mi	-	2	Flat
£2,100	09/24	0.28 mi	Edgeley Road Clapham SW4	2	Flat
£2,700	02/25	0.29 mi	-	2	Flat
£2,300	12/24	0.29 mi	-	2	Flat
£1,775	12/24	0.29 mi	-	2	Flat
£2,100	01/25	0.29 mi	-	2	Flat
£2,300	09/24	0.3 mi	Rashleigh Street, London, SW8	2	Flat
£2,300	09/24	0.3 mi	-	2	Flat
£2,253	09/24	0.3 mi	148 Edgeley Road, Sw4	2	Flat
£2,700	09/24	0.3 mi	Rashleigh Street, Diamond Conservation Area, London, SW8	2	Flat
£2,200	09/24	0.31 mi	-	2	Flat
£2,249	09/24	0.32 mi	Tennyson Street, Clapham, London, SW8	2	Flat
£3,200	03/25	0.33 mi	-	2	Flat
£2,625	02/25	0.33 mi	-	2	Flat
£2,100	02/25	0.33 mi	-	2	Flat
£1,950	12/24	0.34 mi	-	2	Flat
£2,750	09/24	0.34 mi	Elmhurst Mansions, Elmhurst Street, London, SW4	2	Flat
£2,350	12/24	0.34 mi	-	2	Flat
£2,200	09/24	0.35 mi	Elmhurst Street, Clapham	2	Flat
£2,800	10/24	0.35 mi	-	2	Flat
£2,250	09/24	0.35 mi	-	2	Flat
£2,200	09/24	0.35 mi	-	2	Flat

Local Area Statistics

Population in SW8	35,13835,138
Population in London	4,771,9214,771,921
Town centre distance	4.23 miles away4.23 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.08 miles away0.08 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-5%-5%

Property History

Listed for £269,000

January 8, 2025

Floor Plans

Description

Stunning views over London +
Rental yield of over 8% +
Open plan kitchen/Living room +
Secure entry system +
Concierge +
Close to Clapham Old Town +
Close to Wandsworth Road BR and NIne Elms +
Spacious two double bedroom flat +

CASH BUYERS ONLY- Stunning views over London two bedroom flat.
A spacious and light two double bedroom flat of nearly 600 sq.ft with superb views across all of London, located moments from Wandsworth Road station and Clapham Old Town, perfect for any First Time Buyer or investor offering a yield of around 9%.

A superb two double bedroom flat with stunning views over London, located moments from Wandsworth Road station and Clapham Old Town, perfect for any First Time Buyer or investor. This spacious flat has a concierge and comes with no onward chain.

Durrington Tower is conveniently located moments from Wandsworth Road station and excellent bus routes into Central London, Clapham Junction and most other London destinations. The property is also within reach of the vibrant Clapham Old Town and the sought-after Battersea Power Station/Nine Elms. The leafy Clapham Common and Battersea parks are on your doorstep. This really is perfect for a first-time buyer or investor.

Lease - 103 year Service charge - £3,300 Council tax band A EPC - C (72)

Agent Details

Orlando Reid, London

020 3909 8952

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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